NXP Semiconductor Bets $12 Billion on Smarter Cars

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Don Clark The race to build smarter cars is prompting another race--to supply the chips that make those vehicles clever. NXP Semiconductor Inc. stepped on the gas on Monday, agreeing to buy Texas-based Freescale Semiconductor Inc. in a cash-and-stock ...

Dollar Falls Against Yen as Nikkei Disappoints

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Hiroyuki Kachi The dollar lost 0.4% against the yen Tuesday, as a lackluster Tokyo stock market and jaw boning by a Japanese government adviser took the legs from the greenback's overnight rally, pushing it below the Y120 mark. Around ...

IRS Confirms Illegal Immigrant Tax-Refund Ruling, Sparking GOP Outcry

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By John D. McKinnon WASHINGTON--The Internal Revenue Service on Monday confirmed it would allow illegal immigrants benefiting from President Barack Obama's recent executive action to file for tax refunds for prior years, fueling an outcry from Republicans. The IRS explanation ...

Australia's Abbott Drops Health-Care Fee Plan

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Rob Taylor CANBERRA, Australia--Australian Prime Minister Tony Abbott on Tuesday dropped plans to introduce an unpopular patient co-payment fee to offset rising costs in the nation's health-care system. Mr. Abbott unveiled the proposal for a co-pay fee in the ...

Caixabank Plans to Quadruple Profitability Measure by 2018

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Jeannette Neumann BARCELONA-- Caixabank SA on Tuesday said it plans to quadruple a key measure of profitability during the next four years by clamping down on costs and boosting revenue amid Spain's modest economic recovery. Spain's No. 3 bank ...

AstraZeneca Completes Acquisition of Rights to Actavis' Portfolio

TODAY: March 3, 2015 PUB DATE: March 3, 2015

LONDON--Pharmaceutical giant AstraZeneca PLC (AZN.LN) said Tuesday it has completed the acquisition of the rights to Actavis' branded respiratory business in the U.S. and Canada. As announced on Feb. 5, the transaction strengthens AstraZeneca's respiratory franchise globally and builds on ...

Glencore Returns to Profit, Increases Dividend--Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Scott Patterson Commodities trading came to the rescue of Glencore PLC last year, helping offset a sharp downturn in raw-material prices that hit the group's mining operations hard, leaving profit down by 7% before acquisition-related and other charges. The ...

European Stocks Creep Higher

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Josie Cox European stocks inched higher Tuesday, fueled by forecast-beating German data and advances on Monday in the U.S., which saw the S&P; 500 and the Dow Jones Industrial reach fresh record highs. The Stoxx Europe 600 index added ...

Glencore Returns to Profit, Increases Dividend--2nd Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Scott Patterson Commodities trading came to the rescue of Glencore PLC last year, helping offset a sharp downturn in raw-material prices that hit the group's mining operations hard, leaving profit down by 7% before acquisition-related and other charges. The ...

Australia Central Bank Holds Rates

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By James Glynn SYDNEY--Australia's central bank kept its benchmark interest rate unchanged at a record low 2.25% Tuesday to avoid stoking an overheating housing market that risks derailing a fragile economic recovery. Still, the Reserve Bank of Australia left open ...

Australia Central Bank Holds Rates

TODAY: March 3, 2015 PUB DATE: March 3, 2015

SYDNEY--Australia's central bank kept its benchmark interest rate unchanged at a record low 2.25% Tuesday to avoid stoking an overheating housing market that risks derailing a fragile economic recovery. Still, the Reserve Bank of Australia left open the option of ...

Athabasca Oil Receives Payment From PetroChina Canadian Unit

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Chester Dawson CALGARY-- Athabasca Oil Corp. on Monday said it received the first of three payments owed to it by one of China's largest state-run energy companies, part of a deal announced last summer to complete the sale of ...

Merck Profit Slips Despite Revenue Gains

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Neetha Mahadevan FRANKFURT--German pharmaceutical company Merck KGaA said Tuesday that fourth-quarter net profit fell slightly but revenue surged on growth in all its divisions and its acquisition of AZ Electronics. Net profit for the quarter ended Dec. 31 fell ...

China Monetary Policy Remains Neutral

TODAY: March 3, 2015 PUB DATE: March 3, 2015

BEIJING--China's monetary stance has remained neutral despite recent cuts in interest rates and banks' reserve requirement ratio, the Financial News reported Tuesday, citing former central bank vice governor Wu Xiaoling. "There are some misunderstandings about the monetary policy, that is, ...

AstraZeneca PLC Acquisition of Rights to Actavis' Portfolio

TODAY: March 3, 2015 PUB DATE: March 3, 2015

TIDMAZN RNS Number : 3507G AstraZeneca PLC 03 March 2015 AstraZeneca COMPLETES acquiSITION OF rights to actavis' Branded respiratory portfolio in THE US AND CANADA Acquisition strengthens AstraZeneca's aclidinium respiratory franchise and adds immediate revenues with long-term growth potential AstraZeneca ...

Oil Ticks Higher; Brent above $60

TODAY: March 3, 2015 PUB DATE: March 3, 2015

Crude-oil futures rebounded in Asian trade Tuesday after the previous day's drop as the oil market continues to see-saw amid a rebalancing of underlying oil supply and demand, particularly in the U.S. On the New York Mercantile Exchange, light, sweet ...

Swiss Economy Grew More than Expected 4Q, Before SNB Scrapped Franc Cap

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Neil MacLucas ZURICH--Switzerland's economy posted better-than-expected growth in the fourth quarter, the last before a shift in the central bank's policy that sent the Swiss franc soaring. Fueled by private consumption and government spending, the Alpine nation's economy grew ...

CEZ Seeks to Maximize Dividend -- CFO

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Sean Carney PRAGUE--Czech-based electricity company CEZ AS (BAACEZ.PR) doesn't plan any exceptional financial charges or write downs this year and will calculate its dividend payment based on adjusted earnings to maximize the payout to shareholders. "At the current time ...

Chip Maker Places A $12 Billion Bet On Smarter Cars

TODAY: March 3, 2015 PUB DATE: March 3, 2015

(FROM THE WALL STREET JOURNAL 3/3/15) By Don Clark The race to build smarter cars is prompting another race -- to supply the chips that make those vehicles clever. NXP Semiconductor Inc. stepped on the gas on Monday, agreeing to ...